AMD chief says company ready to pay 15% tax on AI chip shipments to China

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Synopsis

AMD CEO Lisa Su confirmed the company has licenses to ship certain MI 308 chips to China and is prepared to pay a 15% U.S. tax on these exports. This follows a reported deal between the Trump administration, Nvidia, and AMD to resume chip shipments to China in exchange for the fee.

Image for AMD chief says company ready to pay 15% tax on AI chip shipments to ChinaReuters
FILE PHOTO: AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. REUTERS/Ann Wang/File Photo
Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is…



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AMD chief says company ready to pay 15% tax on AI chip shipments to China


Synopsis

AMD CEO Lisa Su confirmed the company has licenses to ship certain MI 308 chips to China and is prepared to pay a 15% U.S. tax on these exports. This follows a reported deal between the Trump administration, Nvidia, and AMD to resume chip shipments to China in exchange for the fee.

Image for AMD chief says company ready to pay 15% tax on AI chip shipments to ChinaReuters
FILE PHOTO: AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. REUTERS/Ann Wang/File Photo
Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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